Walgreens Via Transformational Cost Management Program Plans To Reduce Presence By Up To 650 Boots Stores In UK And About 650 To 700 Stores In U.S.
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Walgreens plans to reduce its presence by closing up to 650 Boots stores in the UK and about 650 to 700 stores in the U.S. as part of its Transformational Cost Management Program, according to an SEC filing.
June 27, 2024 | 8:05 pm
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Walgreens plans to close up to 650 Boots stores in the UK and 650-700 stores in the U.S. as part of its Transformational Cost Management Program. This move is aimed at reducing costs and improving efficiency.
The closure of a significant number of stores is part of Walgreens' strategy to reduce costs and improve operational efficiency. This could lead to short-term cost savings and potentially improve profitability, positively impacting the stock price.
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